Municipal Employees Retirement System of Michigan lessened its holdings in shares of Morgan Stanley (NYSE:MS) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,160 shares of the financial services provider’s stock after selling 1,300 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Morgan Stanley were worth $2,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the company. Exane Derivatives lifted its stake in shares of Morgan Stanley by 303.9% during the 4th quarter. Exane Derivatives now owns 1,979 shares of the financial services provider’s stock valued at $104,000 after buying an additional 1,489 shares in the last quarter. Invictus RG lifted its stake in shares of Morgan Stanley by 307.5% during the 3rd quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,762 shares in the last quarter. Rational Advisors LLC purchased a new position in shares of Morgan Stanley during the 3rd quarter valued at $116,000. Zions Bancorporation increased its holdings in Morgan Stanley by 176.1% in the 3rd quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 1,571 shares during the last quarter. Finally, First Dallas Securities Inc. bought a new stake in Morgan Stanley in the 4th quarter valued at $121,000. Institutional investors and hedge funds own 86.07% of the company’s stock.
A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Monday, December 11th. Societe Generale downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Vining Sparks reiterated a “buy” rating and issued a $60.00 price target on shares of Morgan Stanley in a report on Monday, January 8th. Barclays lifted their price target on shares of Morgan Stanley from $52.00 to $62.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods upgraded shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $59.00 price target on the stock in a report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.39.
Morgan Stanley (NYSE:MS) opened at $57.22 on Friday. The company has a market cap of $102,117.31, a PE ratio of 18.52, a P/E/G ratio of 0.98 and a beta of 1.50. Morgan Stanley has a fifty-two week low of $40.06 and a fifty-two week high of $59.38. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.75.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. The company had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.25 billion. Morgan Stanley had a net margin of 14.10% and a return on equity of 10.07%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. equities analysts predict that Morgan Stanley will post 4.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.00 annualized dividend and a yield of 1.75%. Morgan Stanley’s payout ratio is 32.36%.
In other Morgan Stanley news, Chairman James P. Gorman sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $55.34, for a total value of $5,534,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel A. Simkowitz sold 87,050 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $53.55, for a total transaction of $4,661,527.50. The disclosure for this sale can be found here. Insiders have sold a total of 239,254 shares of company stock worth $13,085,019 over the last quarter. 0.35% of the stock is currently owned by insiders.
Morgan Stanley Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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